Latest News
- Ola Electric Hits New Milestone – 500th Service Centre Opened In Kochi
- Tesla CEO Elon Musk's Much-Awaited Visit to India Deferred, Leaving Questions Unanswered
- Ford Mustang 60th Anniversary Package – Limited To Just 1,965 Units
- Mahindra XUV 3XO SUV – Everything We Know So Far
- Top 10 Used Bikes to Kickstart Your Riding Journey
- Suzuki Swift Hatchback Scores 4 Star Safety Rating At JNCAP – ADAS, New Engine & More
- Porsche Introduces Macan EV In India, Expanding Electric Portfolio
- Tata Motors To Manufacture Jaguar Land Rover Cars In Billion Dollar TN Plant - Report
- Ford Territory SUV Name Trademarked – Likely To Be Positioned Below The Everest SUV
- Jawa Yezdi Expands Mega Service Camps To 32 New Cities, Focusing On Tier-II And Tier-III Regions
Nissan Aims To Offer Electric Car At An Unbelievable Price
The Franco-Japanese alliance of Renault and Nissan are planning to offer an electric car at $8,000 in the Chinese market in two years
Nissan-Renault joint venture company is aiming to offer Chinese drivers a new electric vehicle (EV) priced at $8,000 (approx. Rs 5.5 Lakh) within two years.
The group's CEO Carlos Ghosn said that there is an explosion in demand amid the efforts to contain the damage due to climate change. The electric car market is leaping ahead with thenew technology of cheaper batteries.
The segment also enjoys government incentives to customers and better infrastructure for charging vehiclesadded Mr. Ghosn.
He further added that it is no brainer for him as electric cars are going to be a much bigger part of the auto industry in the future.
Nissan has been considered as a groundbreaker in mass-market electric vehicles from 2008 and it counts on the popular Leaf in its fleet.
The Nissan Leaf though with its higher pricing does not compete with EV manufacturers like BYD, Zhidou, and SAIC in China. The country is considered as the largest automobile market in the world.
Ghosn said that there is an explosion in the Chinese market especially for small and cheap EV and they want to compete as they want to continue to maintain their leadership in electric cars.
He did not reveal about the specification of the new mass-market electric car; however, they have set the timeframe and the price point.
China has been grappling with pollution and is making efforts to contain them. The country is seeking to develop its infant electric car industry with incentives and other governmental support.